QF Group possible Redundancy Numbers/Packages
Join Date: Jun 2007
Location: The Outer Marker hut
Posts: 207
So the latest on JQ “surplus” Perth and Newcastle crews seem to be (in a nut shell), give us 2 years of a concessional EBA and we might not make those crews redundant. Can’t say I’m surprised but seriously can this guy give an already very stressed workforce a break.
Join Date: Dec 2004
Location: melbourne
Posts: 413
Originally Posted by CaptCloudbuster
With QF now a very different airline going forward do we need 3 CEO’s?
Surely we should make at least 1 redundant. Andrew David has been MIA (couldn’t phone in to at least 1 webinar over the last 8 weeks wtf?)
And then we have Tino, CEO of a non existent International.
Surely we should make at least 1 redundant. Andrew David has been MIA (couldn’t phone in to at least 1 webinar over the last 8 weeks wtf?)
And then we have Tino, CEO of a non existent International.
Maybe the title entitles them to more pay without being scrutinised by shareholders etc.
On the point of having large cash reserves,seems contradictory to go & mortgage every aircraft you can & then do an equity raising,paying interest on borrowed money & pushing the share price lower is an interesting way to save money.
Join Date: Apr 2016
Location: Earth
Posts: 77
Originally Posted by blubak
Why have they ever needed 3 X ceo?
Maybe the title entitles them to more pay without being scrutinised by shareholders etc.
On the point of having large cash reserves,seems contradictory to go & mortgage every aircraft you can & then do an equity raising,paying interest on borrowed money & pushing the share price lower is an interesting way to save money.
Maybe the title entitles them to more pay without being scrutinised by shareholders etc.
On the point of having large cash reserves,seems contradictory to go & mortgage every aircraft you can & then do an equity raising,paying interest on borrowed money & pushing the share price lower is an interesting way to save money.
Andrew David - Domestic and Freight
Tino - International
Olivia - Loyalty
Gareth Evans - Jetstar
And Alan Joyce, CEO of CEO's.
https://www.qantas.com/au/en/qantas-...eadership.html
Join Date: Dec 2004
Location: melbourne
Posts: 413
Originally Posted by unobtanium
Try 5
Andrew David - Domestic and Freight
Tino - International
Olivia - Loyalty
Gareth Evans - Jetstar
And Alan Joyce, CEO of CEO's.
https://www.qantas.com/au/en/qantas-...eadership.html
Andrew David - Domestic and Freight
Tino - International
Olivia - Loyalty
Gareth Evans - Jetstar
And Alan Joyce, CEO of CEO's.
https://www.qantas.com/au/en/qantas-...eadership.html
We been everywhere men.
Join Date: Jul 2007
Location: the City by the Bay
Posts: 536
Join Date: Oct 2016
Location: MCG
Posts: 0
I do expect some equity to be destroyed during a pandemic, the outflow of $40m a week is testament to that. There’s nothing you, I or AJ can do about that.
Struth 40m a week, as a comparison during Ansett's last years they were losing 7m a week. The value of money in 20 years. I realise different era.
Struth 40m a week, as a comparison during Ansett's last years they were losing 7m a week. The value of money in 20 years. I realise different era.
Join Date: May 2013
Location: Earth
Posts: 167
Originally Posted by armchairpilot94116
Join Date: Jan 2006
Location: Sydney
Posts: 173
Originally Posted by Turnleft080
I do expect some equity to be destroyed during a pandemic, the outflow of $40m a week is testament to that. There’s nothing you, I or AJ can do about that.
Struth 40m a week, as a comparison during Ansett's last years they were losing 7m a week. The value of money in 20 years. I realise different era.
Struth 40m a week, as a comparison during Ansett's last years they were losing 7m a week. The value of money in 20 years. I realise different era.
Salary costs alone were abut $86m a week(4,5bn a year) before covid - thats before you take into account the other costs like office rent, aircraft, overheads etc.
Join Date: Apr 1999
Location: Sydney, N.S.W. Australia
Posts: 148
Originally Posted by unobtanium
Try 5
Andrew David - Domestic and Freight
Tino - International
Olivia - Loyalty
Gareth Evans - Jetstar
And Alan Joyce, CEO of CEO's.
https://www.qantas.com/au/en/qantas-...eadership.html
Andrew David - Domestic and Freight
Tino - International
Olivia - Loyalty
Gareth Evans - Jetstar
And Alan Joyce, CEO of CEO's.
https://www.qantas.com/au/en/qantas-...eadership.html
Join Date: Jun 2019
Location: Denmark
Posts: 0
What is the real number of redundancies here? I think 250 is well short. JQ have already threaten of mass lay offs Given a quoted email from the union which will happen even if the new EBA is signed end of July. QF surely will have to make more cuts to its international and domestic 737 crew.
Now that VA have very deep pockets with Bain I would think they will come out smaller but stronger than QF
Now that VA have very deep pockets with Bain I would think they will come out smaller but stronger than QF
Join Date: Aug 2007
Location: sincity
Posts: 1,106
Originally Posted by Ragnor
What is the real number of redundancies here? I think 250 is well short. JQ have already threaten of mass lay offs Given a quoted email from the union which will happen even if the new EBA is signed end of July. QF surely will have to make more cuts to its international and domestic 737 crew.
Now that VA have very deep pockets with Bain I would think they will come out smaller but stronger than QF
Now that VA have very deep pockets with Bain I would think they will come out smaller but stronger than QF
shorthaul? How so? Rotating stand down with low mgh.... why cuts?
long haul? Indefinite stand down costs little.
redundency costs alot.
Join Date: Dec 2004
Location: melbourne
Posts: 413
Originally Posted by Ragnor
What is the real number of redundancies here? I think 250 is well short. JQ have already threaten of mass lay offs Given a quoted email from the union which will happen even if the new EBA is signed end of July. QF surely will have to make more cuts to its international and domestic 737 crew.
Now that VA have very deep pockets with Bain I would think they will come out smaller but stronger than QF
Now that VA have very deep pockets with Bain I would think they will come out smaller but stronger than QF
When i first saw the figure of 220-250 pilots it seemed very low,with 12 380s & 6 747s gone the figure for those 2 fleets alone would exceed the numbers they are quoting & then theres 330s,787s & the jq 787s,just doesnt add up.
Join Date: Sep 2007
Location: Australia
Posts: 147
QF SH pilots are forecast to all be stood up by the end of this year. There will be no changes to SH. In fact, there has been some discussion about allowing additional LH crew to be trained onto 737 temporarily to save some jobs. Obviously that’s a fair way off and any change would need to be voted on by the SH crew. This would be a mechanism to save junior crew, not to allow old mate 4 eng capt to extend his career for a few more years.
Join Date: Jun 2010
Location: Sydney
Age: 37
Posts: 484
Someone in the webinar made the comment of a LWOP would count towards the 190 total. Well not really. If 190 pilots from the 380 take LWOP then 2-3 years down the track we have the exact same problem again (minus retirements).
Join Date: Jun 2019
Location: Denmark
Posts: 0
Originally Posted by maggot
why?
shorthaul? How so? Rotating stand down with low mgh.... why cuts?
long haul? Indefinite stand down costs little.
redundency costs alot.
shorthaul? How so? Rotating stand down with low mgh.... why cuts?
long haul? Indefinite stand down costs little.
redundency costs alot.
Stand down with roster on roster off does cost more than people allow. You have AL, LSL accrual then you have EPs, sims then paxing for sims then a hotel room human factors, DGs, cost of an ASIC cost of parking the list goes on more than you think. So the 250 is most likely just what Jetstar will do, how many LH and SH pilots will QF fund with a down turn of pax numbers. Just saying 250 is very far from the truth.
Join Date: Aug 2007
Location: sincity
Posts: 1,106
Originally Posted by normanton
Someone in the webinar made the comment of a LWOP would count towards the 190 total. Well not really. If 190 pilots from the 380 take LWOP then 2-3 years down the track we have the exact same problem again (minus retirements).
Join Date: Jul 2002
Location: Brisbane
Age: 49
Posts: 230
Originally Posted by Ragnor
how many LH and SH pilots will QF fund with a down turn of pax numbers. Just saying 250 is very far from the truth.
You have been provided a figure with reasons behind it. If you call bulls!t then I suspect no figure that is given will be adequate.
There wouldn't be a QF/J*/VA pilot in the bottom third or quarter of their respective lists that isn't looking over their shoulder right now.
Join Date: May 2006
Location: Australia
Posts: 382
I doubt they’ll offer them 737 slots.
At the moment those LHaulers approaching 65 can’t rely on a 737 slot to keep going.
If there isn’t one there they can’t take it.
I bet the company will want that demographic to take the VR package.
Especially seeing that most of them are on the 74 and 380.
The bigger issue is how long can they keep them stood down.
I doubt a reasonable person would expect that to be three years?
At the moment those LHaulers approaching 65 can’t rely on a 737 slot to keep going.
If there isn’t one there they can’t take it.
I bet the company will want that demographic to take the VR package.
Especially seeing that most of them are on the 74 and 380.
The bigger issue is how long can they keep them stood down.
I doubt a reasonable person would expect that to be three years?
